Does Floyds 99 review proposed transferees of a Floyds 99 franchise business?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
- Review proposed transferees of your franchise business for approval. (Section 18.3 of the Franchise Agreement and Sections 8.2 and 8.3 of the Development Agreement)
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 31–38)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Floyds 99 does review proposed transferees of a franchise business for approval. This is a standard practice in franchising, as the franchisor wants to ensure that any new franchisee meets their standards and is a good fit for the brand.
This review process is important for prospective Floyds 99 franchisees because it means that if they decide to sell their franchise, the buyer will need to be approved by Floyds 99. This could potentially delay or complicate the sale if a suitable buyer is not easily found or if Floyds 99 does not approve the proposed transferee. The franchise agreement and development agreement outline the specifics of this process.
It is important for potential franchisees to understand the transfer process and criteria for transferee approval before investing in a Floyds 99 franchise. This ensures that they are aware of the requirements and potential challenges involved in selling their franchise in the future.